A company has the following adjusted trial balance: 
What closing entries are needed?
A) Debit Service Revenue for $33,000 and credit Retained Earnings for $33,000
B) Debit Rent Expense for $2,300 and credit Retained Earnings for $2,300
C) Credit Retained Earnings for $2,100 and debit Cash for $2,100
D) Debit Dividends for $1,000 and credit Retained Earnings for $1,000
Correct Answer:
Verified
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